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A wholesaler using a perpetual inventory system sold and shipped goods FOB Destination on December 31,costing$80,210. These goods are scheduled to reach various retallers on

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A wholesaler using a perpetual inventory system sold and shipped goods FOB Destination on December 31,costing$80,210. These goods are scheduled to reach various retallers on January 3. At the end of the day on December 31 , the merchandise inventory account totaled $2,457,820 for the wholesaler before any adjusting entries. This balance excludes the potential impacts of the following: - The wholesaler is expecting a $75,330 incoming shipment that was sent on December 30 (FOB Shipping Point) to arrive on January 2. - Of the existing inventory, it was determined that $20,440 of the goods are obsolete, cannot be sold, and have no scrap value. What is the wholesaler's true cost of inventory on December 31

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